Understanding Odds | Racing Explained

There are just two ways the system that is more recently introduced or the classic fractional system.
Fractional odds:
These are generally displayed in this format: 4/1.
In spoken form that is”Four-to-one” and sometimes this can be written as: 4-1.
Odds are just maths. To illustrate some examples, let us call each number a unit. So:
4/1: For every 1 unit you bet, you will receive 4 units if you win (plus your stake).
7/2: For each 2 units you bet, you may receive 7 components should you win (plus your bet ).
9/4: For every four units you stake, you may receive 9 units if you win (plus your bet ).
The other way around — this is called odds-on and that means the horse in question is a hot favourite to win the 32, like 1/4 — if you see chances.
In spoken form this is”Four-to-one on”.
1/4: For each four units you bet, you’ll receive 1 unit in case you win (along with your bet ).
1/2: For each 2 units you stake, you will receive 1 unit in case you win (plus your stake).
You will see EVS or Evens exhibited. This is the equal of a 1/1 fraction. It means the horse in question is predicted to win the race.
EVS: For every 1 unit you stake, you will receive 1 unit if you win (along with your bet ).
Decimal odds:
These are generally displayed in this format: 5.00.
5.00: Just multiply this number by your stake to compute your total potential returns if you are placing a win bet. Unlike fractional chances, your stake has factored into this cost i.e. this is the equivalent of 4/1 and also the 1 device you stake.
Favourites:
Each race has a favorite. That is the horse which is reflected in getting the cost displayed with gambling operators.
When they’re the favourite, you will observe an F alongside the horse’s chances. This is displayed as JF, meaning joint-favourite if more than one horse has the very same chances of winning according to the gambling market.

Read more here: http://word.apissapiens.com/online-sportsbooks-in-australia-july-2019/

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